CoNetrix Helps Credit Unions with Fraud and Cyber Security Initiative

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Low-income credit unions are now eligible for a $7500 grant to assist in fraud and cybersecurity efforts. CoNetrix responds with educational webinars and affordable solutions to help eligible credit unions maximize their grant money and improve their information security.

CoNetrix, a Family of Technology Companies
CoNetrix has created three limited-time discounted offerings centered on cyber security.

On May 18, 2015, the National Credit Union Administration announced the availability of funds for low income designated (LID) credit unions to use toward fraud and cyber security in 2015.

Between June 1 and June 30, each eligible credit union may begin applying for up to $7,500 in NCUA grant money "to assist in developing its fraud prevention and cybersecurity efforts". The purpose of this initiative is to provide funds to assist LID credit unions in protecting the personally identifiable information of members as well as enhancing security.

Some of the projects covered under the initiative include: systems test or risk assessment, systems penetration test, internal and external vulnerability test, social engineering assessment, information systems and/or cyber security training, monitoring cyber security risk exposure, developing or implementing data classification policy, compliance risk assessments, membership to a financial institution cyber security organization, etc.

In response to the NCUA fraud and cyber security grant initiative, CoNetrix president Russ Horn states: "We understand the need for information security in all sizes of financial institutions, which is why we have created affordable solutions that can be scaled to meet the budgets of low-income credit unions."

In order to assist low-income credit unions (LICUs), CoNetrix has created three limited-time, discounted offerings centered on cyber security:

Option 1: tandem software, including Risk Assessment, Policies, BCP, Vendor Management, and a new Phishing testing and training module;
Option 2: Penetration Test, Social Engineering Test, Internal Vulnerability Assessment, as well as tandem Risk Assessment and Phishing modules;
Option 3: Penetration Test, Social Engineering Test, Internal Vulnerability Assessment, as well as tandem Risk Assessment, Policies, BCP, Vendor Management, and new Phishing module.

In addition, CoNetrix is sponsoring several free webinars to provide education about the grant and the special, discounted offerings by CoNetrix. You can learn more about the grant and register for the webinars by going to

About CoNetrix: CoNetrix is a full-service technology consulting, security and compliance firm with roots dating back to 1977. Founded in Lubbock, Texas, CoNetrix now serves more than 700 financial institutions across the U.S., providing a variety of technology and security solutions, including online security and compliance software, IT audits, cybersecurity testing, risk management, technology consulting, cloud hosting, and managed services. Security is designed into all of its offerings, from its software to its consulting services. CoNetrix specifically serves financial institutions – such as credit unions, banks, savings associations, and trust companies – as well as enterprises requiring a high level of security in their operations.

To learn more about CoNetrix, visit

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Russ Horn
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